Fed to stand on hold at June meeting(June 5th)

In the Asian session on Monday (June 5), the U.S. dollar index rose from a low level. The latest price of the U.S. dollar was 104.19, an increase of 0.13%. . Zentner expects the Fed to start cutting rates in the first quarter of 2024.

The latest from the Federal Reserve:

Economist Ellen Zentner is sticking to her view that the Fed will stand on hold at its June meeting and keep rates on hold for the rest of the year. “While the wage data is undeniably strong, the Fed will also be watching the unemployment rate. Also, the Fed tends to operate according to the laws of inertia,” Zentner said. at the next meeting after the break.”